The Making the Connection claims that Ebenezer Scrooge promoted economic growth more when he was a miser
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The Making the Connection claims that Ebenezer Scrooge promoted economic growth more when he was a miser and saved most of his income than when he reformed and began spending freely. Suppose, though, that after he reformed he spent most of his income buying food for the Cratchits and other poor families. Many economists believe that there is a close connection between how much very poor people eat and how much they are able to work and how productive they are while working. Does this fact affect the conclusion about whether the pre-reform or post-reform Scrooge had a more positive impact on economic growth? Briefly explain.
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The prereform Scrooge saved nearly all of his large income which increased the supply of loan able ...View the full answer
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